1. Brought to you by NASA Federal Credit Union © 2014 Credit Union National Association Inc. (Rev_0314) Value of a Dollar II: Teaching Your K-8 Child

2. Seminar Objectives Learn:  Why children in grades K-8 need to learn about money  What motivates children to learn about money management  How children learn about money  How to use goal-setting, budgeting, saving, employment, and investing as teaching tools  How to use an allowance as a teaching tool

3. What are your money values? What do you believe?

4. The “teachable moment”  Circumstances  Child’s attention span  Child’s interest

5. What percentage of parents involve their teenagers in family spending/budgeting decisions? A. 5% B. 20% C. 34% D. 52% E. 61%

6. What motivates children to learn to manage money?  Desire to reach a goal  Desire to master a skill  Desire for independence

7. How children learn about money By example:  Observing adult models  Taking part in family decisions  Assisting siblings

8. How children learn about money By choice:  Setting personal goals  Planning to reach them  Growing maturity and freedom

9. How children learn about money By mistake:  Analyzing “hard knocks”  Accepting consequences  Modifying plans

10. What percentage of income does the average child less than age 13 receive from parents? A. 52% B. 65% C. 87% D. 94% E. 100%

11. Teaching Tool No. 1: Personal Goals  Needs vs. wants  Tracking progress  SMART goals

12. Teaching Tool No. 2: A Budget  Deliberate spending  Deliberate saving  Alternative choices  Emergencies and opportunities

13. Teaching Tool No 3: Saving  Decision to not spend  Price vs. value  Comparison shopping

14. Teaching Tool No 4: Work  At home  In the neighborhood

15. Money Issues  Bailouts  Cash advances  Credit

16. What’s at stake  Confidence  Self-reliance  Ability to support self and family

17. What percentage of college students return to live at home after graduation in 2006? A. 15% B. 29% C. 47% D. 63% E. 85%

18. Checklist: Are you ready? I understand why children need to learn about money I know what motivates children to learn about money management I understand how children learn about money I plan to use some of the teaching tools learned during this seminar I know how to use an allowance as a teaching tool I know where to go for help

19. Remember … your credit union can help you with all your financial challenges.

20. Thank You! Diane Morris Business Development Account Representative dmorris@nasafcu.com 301-249-1800, ext. 438, or 1-888-NASA- FCU